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      Acquisition of a multiplex cinema adjacent to Grafton Shopping Centre, Cambridge

      Vue Cinema, Cambridge

      Client
      Legal and General

      Price
      £13m

      Net yield
      5.13%

      An eight screen multiplex cinema of approximately 32,100 sq ft let to Vue Entertainment Ltd on a lease expiring in 2022. The acquisition merges the asset into Legal and General’s wider ownership of the Grafton Centre, a 420,000 sq ft shopping scheme currently undergoing major refurbishment by the fund.

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